AutoBlock PROJECT REVIEW – The future of automotive industry

HELLO READERS,TODAY WE ARE GOING TO MAKE A REVIEW FOR ANOTHER BLOCKCHAIN PROJECT.

CURRENTLY THEY ARE RUNNING THEIR Pre- STO Sale.

SO TODAY WE WILL GOING TO DISCUSS ABOUT AUTO BLOCK PROJECT.BEFORE STARTING OUR REVIEW WE WILL INCLUDE WHY BLOCKCHAIN IS USING.KINDLY READ BELOW,

Why Blockchain?
Why Blockchain? In order to get cryptocurrency implemented worldwide, we need a good crypto
exchange and it starts with blockchain. Blockchain is decentralized and it liberates people
and allows them freedom and control of their assets. Blockchain allows you to use and move
cryptocurrency around the world.

Blockchain- the turbulent technology that’s reworking businesses altogether sectors have eventually returned to the automotive trade. Round the globe, there’s an interesting increase in activity to leverage the advantages of blockchain within the automotive trade as corporations are exploring ways in which to integrate blockchain technology into their operations. From trailing and collateral automotive elements to streamlining the vehicles provide chain, blockchain might become a necessary technology across the automotive trade.

The AutoBlock platform activates cryptocurrency once shopping for cars, making a chosen cryptocurrency for the automotive trade, creating it a lot of easier for automotive dealers and patrons. Aucoin’s selected cryptocurrency offers several blessings to automotive dealers and buyers; Transactions are created terribly simply while not a refund and high security with only a few transactions. The AutoBlock platform consists of the exchange of all transactions on the platform. With automobile Coin, individuals are going to be able to purchase, sell or interact in cryptocurrency after they purchase, sell or sell an automotive, no matter whether or not the dealing is between 2 people or through a dealer. This revolutionary plan is predicted to disrupt each the most automotive market and therefore the used automotive market. Delivery of crypto payments for the acquisition and sale of cars are going to be applied victimization Autocoin.

ADVANTAGE OF AUTO BLOCK-

The AutoBlock has created a system that may build it easier to shop for and sell cars to cryptocurrency users from everywhere the globe.
The AutoBlock offers a singular set of product which can align cryptocurrency with the thought automotive business by creating vehicle transactions secure, quick whereas additionally supplying you with full access to the purchased vehicle’s historical knowledge, NVD (New vehicle data), and valuations.

If you’re somewhat about the vehicular industry, you understand that vehicle value is a significant concern around the world. Because each seller and customer evaluate vehicles relating to their sights, the system is usually biased and difficult to rely on. Furthermore, the devices are monopolized and central, and it can be biased towards investors. Finally, since there is undoubtedly near to no openness and clearness, both sellers and clients suffer the effects of data that’s not suitable worldwide.

Problem & Solution

Problem. The auto industry currently relies on monopolised data and valuation systems that are at best subject to external influences, manipulation of valuations and at worst are unavailable in detail to the public at all. This outdated infrastructure is actively impeding natural growth, particularly in the field of new vehicle sales in developing markets.

Solution. Buying Cars With Crypto. The team is building a seamless POS system and a bespoke exchange, developed specifically for car dealers to allow them to easily accept any currency, crypto or not, with a significantly lower interest rate, combined with the ability to cash-out via any currency, breaking down traditional trading issues.

Technology

The Auto Block will operate on two seperate Blockchains to have full optimization and throughput. The Auto Block will be running on the HyperLedger Fabric as a private Blockchain to store data and our proprietary fork of the Waves Blockchain to conduct transactions. The token sale will be conducted on the Ethereum Blockchain and all ATC tokens will be ERC-20. Once The Auto Block mainnet is live, all tokens will be swapped for our native ATC token on a 1:1 ratio.

– Decrease the risks of counterfeits and chargebacks to zero due to the applications of blockchain technology

– Be straightforward for international payments with no obstacles caused by rate issues

– provide a lot of selections and incentives via the website autocoin cars.com

– Access to verify the price of used cars

The main advantages for the vendor include:

– Straightforward and fast dealing

– build vehicle transactions easier everywhere the globe

– Free and secure trade for vehicle transactions on the website autocoincars.com

– Use The Autocoin as a payment resolution

– Diminish dealing fees and take away intermediate stages

– Own the automobile coin in an exceedingly digital billfold to take a position and convert to decree once transactions are completed

– On the market and fast support from consultants.

Token Sale Car Rental

Information about tokens

The name of the token: AUTOCOIN

Token Ticker: ATC

Platform: Ethereum

Type: ERC20

Total token Supply: 400,000,000

Country Of Registration: United Kingdom

AUTOBLOCK TEAM-

IT SEEMS THAT THEIR TEAM IS REALLY BIG AND EXPERIENCE IN THE BLOCKCHAIN TECHNOLOGY AND THEIR PROJECT RELATED THINGS AND I CAN SAY THAT THIS PROJECT IS DEFINATELY GOING TO CHANGE THE CAR INDUSTRY AND THE CRYPTO ECOSYSTEM.